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Owner Contacts

$1,468,723

NAL Estimated Property Value

3806 Merrick St, Houston, TX, 77025

Off Market

4 Beds

4 Bath

4,047 Sq Ft

$333.33 / sqft

Built in 2006

Property Lead Type:

Off-Market ListAbsentee Owner

Highlights

Interior

Bedrooms 4

Bathrooms Full 3

Bathrooms Half 1

Indoor Fireplace

Garage Available

Heating Central

Cooling

AppliancesDisposal, Double Oven, Electric Oven, Microwave, Gas Cooktop, Dishwasher, Dryer, Refrigerator, Washer

FlooringCarpet, Stone, Tile, Wood

Exterior

Exterior FeaturesBack Green Space, Sprinkler System

Lot Size7,675 sqft

Building Information

Year Built2006

Garage Spaces2

Land Information

APN0720070240015

Lot Number15

SubdivisionBraes Heights

Land UseResidential

Legal DescriptionLT 15 BLK 23 BRAES HEIGHTS SEC 8

Census Tract413000

Assessed Land Value$569,063

Assessed Improvement Value$899,660

Assessment Year2025

About this property

*Multiple Offers received, deadline to submit offers Monday, 4/17/23 at 5pm* Welcome to this stunning brick home located in coveted Braes Heights just around the corner from Mark Twain elementary! This home offers 4 bedrooms plus large third floor game room with 3 full and 1 half baths. The chef’s Kitchen offers two islands with, double wall ovens, gas cooktop with 6 burners and griddle, large stainless steel refrigerator, built-in microwave and tons of storage. Kitchen opens up to both the breakfast room with custom built-in seating and the spacious family room with tons of natural light. First floor also offers formal dining room and formal study/living room with access to powder bath which is plumbed for shower if desired for 5th bedroom. The large 7,675 SF lot has been customized with artificial turf plus a putting green and covered patio. *All per seller.

Investor Tools

$1,468,723

Estimated Property Value

$911,343Estimated Mortgage Balance

$557,380Estimated Equity

37% equity

Estimated Cap Rate

View Rate

Estimated ARV (After-Repair Value)

Calculate ARV

Rent-to-Value Ratio: 0.72%

Rent Estimate

$8,812 /month

Positive

Cash Flow Estimate:

$2,937 /month

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Financing Details

Estimated Taxes & Insurance

HOA Fees

Interest Rate Assumption

$2,403/month

No HOA

5.947%

Tax Information

Annual Taxes

Assessed Value

Assessment Year

Assessed Land

Assessed Improvement

Market Value

Tax Delinquent

$21,488

$1,468,723

2025

$569,063

$899,660

$1,468,723

Tax History

Year

Tax Paid

Assessed Value

2024

$21,488

$1,468,723

Mortgage Details

Lender

Loan Type

Loan Amount

Assumable

Position

Origination Date

Maturity Date

Citibank Na

Conventional

$918,000

First

Dec 4, 2025

Jan 2056

Equity Summary

Est. Mortgage Balance

Est. Equity

Equity %

LTV

Est. Monthly Payment

$911,343

$557,380

37%

62%

$5,504/mo

Rental Potential

Est. Monthly Rent

Est. Monthly Expenses

Est. Cash Flow

Gross Yield

$2,640/mo

$5,504/mo

$-2,864/mo

2.2%

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